Summary: In light of current trends, industries are shifting focus to alternative energy sources like solar power. This is happening even though national grid capacity exceeds demand by 25,000MW compared to the current 15,000MW. Content: Several big companies have already switched to solar power partially or are considering it. They're finding that using solar panels on their roofs is a smart choice... Read More
VAT, Tax and Customs related legal disputes are complex & often require specialized knowledge. There are different forums available for resolution of disputes. One of the big challenges involving taxation matters is that the laws & regulations are constantly changing. Under the Finance Act 2023 a new income tax at source on transferring of property is now payable. A new digital... Read More
Number of Complex construction disputes involving infrastructure projects are rising. Responsibility of the employer and the bidder and successful tenderer on conducting pre-bid feasibility study of the project site is often confusing as the tender document often do not clearly address the issue. If a major flaw is found at later stages on selection of site etc, both employer and... Read More
Under the new Budget, shareholding percentage has been amended for amalgamation. Now shareholders holding at least 75% (previously 90%) of the value of shares in the amalgamating company (which now includes foreign companies, where there is foreign shareholding in a Bangladeshi company) become shareholders of the amalgamated company. Also, capital gain arising from any transfer of capital asset in a... Read More
Under the new Budget, shareholding percentage has been amended for amalgamation. Now shareholders holding at least 75% (previously 90%) of the value of shares in the amalgamating company (which now includes foreign companies, where there is foreign shareholding in a Bangladeshi company) become shareholders of the amalgamated company. Also, capital gain arising from any transfer of capital asset in a... Read More
Number of Complex construction disputes involving infrastructure projects is rising. Responsibility of the employer and the bidder and successful tenderer in conducting a pre-bid feasibility study of the project site is often confusing as the tender document often does not clearly address the issue. If a major flaw is found at later stages on the selection of site etc,... Read More
Summary: The Jatiyo Sangshad extended the tenure of quick power supply Act which allows a sweeping authority to bypass the existing legislation for quick implementation of projects in all types of energy and power sectors. Content: Previously, The Quick Enhancement of Electricity and Energy Supply Act 2010 was extended until October 2021, which would finish in this month. The act was extended... Read More
Summary: Russian energy giant Gazprom has obtained a contract by Bapex to drill three more wells at Bhola Island with a total cost of $77.18 million which is BDT 6.48bn Content: Russian energy giant Gazprom has obtained an NOA to carry out the drilling of three more onshore gas wells at Bhola Island meaning they are officially notified by the... Read More
A webinar held on virtual platform on 21 October 2020 on “Challenges of Application of Institutional ADR in Real Estate and Construction Disputes in Bangladesh” was organised jointly by Bangladesh International Arbitration Centre (BIAC) and its partner organisation Singapore International Arbitration Centre (SIAC). Taking part in the deliberations Barrister Narita Navin Khan, Divisional Head, Corporate & Finance Division, Rahman’s Chambers,... Read More
[Source: Washington Post] Two economists from Stanford University were awarded the Nobel Prize for economics on Monday for their research into auctions. In Stockholm, the Royal Swedish Academy of Sciences said Paul Milgrom, a professor of humanities and sciences, and Robert Wilson, an emeritus professor of management at the Stanford Graduate School of Business, had done pioneering work in auction... Read More
